CITY OF OLEAN, NEW YORK

COMPUTATION OF TAX LEVY

FOR THE FISCAL YEAR JUNE 1, 2004 TO MAY 31, 2005

Debt

General

Water

Sewer

Service

Fund

Fund

Fund

Fund

Budget Appropriations

$ 13,340,543

$ 2,331,285

$ 1,503,855

$ 1,151,206

Less:

Estimated Revenues Other Than

Real Estate Taxes

8,345,525

2,331,285

1,503,855

1,140,206

Appropriated Fund Balances and

Reserves

850,000

-

-

11,000

Total Estimated Revenues, Appropriations

Fund Balances and Reserves

9,195,525

2,331,285

1,503,855

1,151,206

Balance of Appropriations to be Raised by

Real Estate Taxes

$ 4,145,018

Budgeted Surplus (Deficit) of Special Revenue Funds

$ -

$ -

Budgeted Surplus (Deficit) of Debt Service Fund

$ -

Assessed Valuations

$ 39,781,765

Tax Rate per $1,000 of Assessed Valuation

104.19